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They spent an additional €80,500 (about USD €1,642 each) for taxes and renovations. [3] The crowdfunders planned to rent the apartment for €450 per month, splitting profits based on investments. [3] Housers anticipated a total gross return of 67.8%, or €33,123, over five years, on this first property. [3]
The only region of Europe with a distinctive trend is the Nordic countries, where the percentage of those living in detached houses is in steady decline. The percentage of those living in detached houses in Norway, Denmark, Sweden, and Iceland, fell from 63%, 59%, 48%, and 36% to 58%, 54%, 44%, and 32% respectively.
The expression Spanish real estate crisis or property crisis that began in 2008 refers to the set of economic indicators (sharp fall in the price of housing in Spain, credit shortages, etc.) that, with all their severity in 2010, would evidence the deterioration of real estate expectations and of the construction industry in Spain [1] in the context of a global economic crisis and the property ...
Bubbles can be determined when an increase in housing prices is higher than the rise in rents. In the US, rent between 1984 and 2013 has risen steadily at about 3% per year, whereas between 1997 and 2002 housing prices rose 6% per year. Between 2011 and the third quarter of 2013, housing prices rose 5.83% and rent increased 2%. [19]
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Vacation rental bedroom in Liesing, Austria. A vacation rental is the renting out of a furnished apartment, house, or professionally managed resort-condominium complex on a temporary basis to tourists as an alternative to a hotel.
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